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Supermarket/Grocery

  • Tucker Development is bringing ShopRite to Springfield Avenue Marketplace

    Newark, N.J. -- Tucker Development Corp. has signed a deal with Wakefern Food Corp. retail cooperative to bring a 67,000-sq.-ft. ShopRite grocery store to Springfield Avenue Marketplace in Newark, N.J.

    Wakefern is the merchandising and distribution arm for ShopRite stores.

    The new ShopRite will anchor the 125,000-sq.-ft. center set to break ground this fall. When complete, the center will serve approximately 280,000 Newark residents, 180,000 employees and 60,000 college students and faculty.

  • Urstadt Biddle acquires two retail properties

    Greenwich, Conn. -- Urstadt Biddle Properties Inc. has acquired two retail properties on Putnam Avenue (US Route 1) in Greenwich, Conn., for $18 million.

    West Putnam Plaza is a 9,300-sq.-ft. retail strip center shadow-anchored by a Stop & Shop supermarket. National tenants include Cosi and JP Morgan Chase Bank. A wine retailer, day spa and women’s fitness studio round out the tenant list.

    The second property is Cos Cob Plaza, a 15,000-sq.-ft. retail and office center. Tenants include Jos. A. Bank.

     

  • Vintage Real Estate acquires The Mall at Whitney Field

    Leominster, Mass. -- Vintage Real Estate has purchased The Mall at Whitney Field, a 700,000-sq.-ft. regional shopping center in Leominster, Mass., about 35 miles west of Boston. Anchors include Macy’s, Sears, J.C. Penney, Market Basket, Toys “R” Us and Old Navy.

    Concurrent with the acquisition, Burlington Coat Factor signed a 10-year lease for a 66,000-sq.-ft. space formerly occupied by Circuit City.

  • Regency Centers purchases Preston Oaks

    Dallas -- Regency Centers Corp. has closed on an off-market acquisition of Preston Oaks, a 103,503-sq.-ft. infill neighborhood center anchored by H-E-B Central Market. National retailers include Gap, Pier 1 Imports and White House Black Market.

    Located in the Preston Hollow neighborhood of Dallas, Preston Oaks serves a market of 109,000 within a three-mile radius. Average household income is $144,000. The market’s population swells to 118,000 during the day.

  • NRF: Los Angeles, New York and Chicago are top cities for organized retail crime activity

    Washington, D.C. -- Los Angeles, New York and Chicago top the list of the cities with the highest organized retail crime activity, with Miami and Atanta rounding out the top five, according to a study by the National Retail Federation.

    The NRF’s ninth annual Organized Retail Crime (ORC) Survey found that while organized crime has inched down slightly, it remains widespread. Over 90% (93.5%) of retailers said they had been a victim of organized retail crime during the past year, down from 96% the prior year.

  • $6 million redevelopment brings Whole Foods to Greenway Town Center

    Portland, Ore. -- Regency Centers Corp. has announced a $6 million redevelopment of Greenway Town Center, a 93,000-sq.-ft. neighborhood center in Tigard, Ore., a suburb of Portland. Among the center’s enhancements, Whole Foods Market will open a 37,500-sq.-ft. anchor store in 2014.

    The redevelopment will include a new exterior façade with cedar wood accents, upgraded architectural components, parking lot improvements and new site lighting, landscaping and signage.

  • Whole Foods Market opens in Detroit

    Detroit -- Whole Foods Market on Wednesday is scheduled to open a 21,506-sq.-ft. store in Detroit, in the city’s Midtown neighborhood. The store, which is smaller than the chain’s typical footprint, features an expanded lineup of private-label products and lower prices designed to appeal to more budget-conscious shoppers, according to various reports.

  • United Supermarkets purchases Llano Logistics

    Lubbock, Texas -- United Supermarkets has completed a transaction to acquire Llano Logistics. Llano has operated United’s two distribution centers – in Lubbock and Roanoke – since their opening.

    The deal closed May 31 and means Llano, which had been owned by Exel, a subsidiary of Deutsche Post DHL, is now owned by United.

    It is the company’s third subsidiary operation in addition to its 52-store supermarket/ convenience store chain. United purchased R.C. Taylor Distributing in 2007 and added Praters Foods in 2009.

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